Russia’s National Association of Business Angels (NABA), Atom Partners, a Moscow-based investment consultancy and high-tech investor, and RVC, the state-owned fund of funds dedicated to innovation, have presented the results of their 2013 business angel investing study. Tapping into a wide variety of open information sources, the partners found in their report that Russian business …
Life.Sreda, a Russian VC fund, announced last week that it has invested $730,000 in myWishBoard.com, a platform enabling online private fundraising by friends and families for fulfilling personal wishes. With this P2P service, users can contribute to a present for someone, and when a required amount is collected it is wired to the beneficiary’s e-account. The …
Life Sreda invests $730,000 in P2P platform myWishBoard.com Read More
Synqera, a Russian startup operating internationally, has announced that it will test its personalization and data analytics technology with LAND, a premium supermarket with nine stores in St. Petersburg. This technology brings online shopping experiences to physical retail storefronts, leveraging data collection and analysis for real-time prediction of customer preferences and relevant product recommendations. LAND …
Russian startup Synqera brings online shopping experience to physical retail storefronts Read More
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced today the completion of a €100,000 investment in WeatherMe OÜ, a Tallin, Estonia based startup that develops farm management solutions under the VitaFields brand. The VitalFields mobile and web-based software application is helping farmers address several sensitive issues, from plant disease and growth phase …
TMT Investments invests €100,000 in Estonian farm management solution Read More
IQcard, a Moscow-based startup offering multifunction bank cards, has raised $3.7 million in a Series B round led by Kenges Rakishev, a prominent businessman from Kazakhstan. The startup’s valuation has not been disclosed. Existing shareholders Fastlane Ventures and Direct Group have also participated in the round along with an unnamed “prominent Russian IT entrepreneur,” Fastlane’s press …
Kazakhstani businessman Kenges Rakishev leads $3.7 million round in Moscow startup IQcard Read More
The Startup of the Year 2013 awards ceremony was held in Moscow’s Central House of Entrepreneurs on December 16. The ceremony brought together 300 guests, 50 journalists and government representatives, as well as industry experts, startup teams, and young entrepreneurs. The organizers believe that “Startup of the year” is some kind of “Oscar” for young …
Competition in the saturated Russian online travel sector is fierce, and one of the main players last week took the dramatic step of a complete rebranding as it seeks to differentiate itself from its rivals. Skolkovo resident Oktogo, which was supposed to be read OK-to-go (a fact lost on many), has adopted the name Travel.ru, …
Oktogo.ru raises $5 million and switches to Travel.ru Read More
Delivery Club, a Moscow-based online food delivery service aggregator, has completed its fourth round of financing with $8 million secured from Phenomen Ventures as well as from existing investors AddVenture and Guard Capital. The startup had initially raised $400,000 in 2009, then $1 million from AddVenture and prominent Russian businessmen in 2011, then again $4 …
Delivery Club secures $8 million from Phenomen Ventures, AddVenture and Guard Capital Read More
Earlier this month, the 4th annual TechCrunch Moscow conference showcased many of Russia’s hottest tech startups. The conference aimed to show how innovation can “address the fundamental human needs more efficiently to increase the quality of life.” No fewer than 39 Russian tech start up stars competed to win the Startup Battle, and an additional …
TechCrunch Moscow conference highlighted startups that address “fundamental human needs” Read More
Nebo.ru (‘sky’ in Russian), the largest Russian online jewelry store to date, has attracted a $2 million investment from Moscow-based fund AddVenture. The transaction, which terms have not been disclosed, was negotiated in October but only made public in late November. Founded in 2008, Nebo.ru claims to be the largest online retailer in its segment. …
AddVenture invests in e-store Nebo.ru and food delivery startup Chefmarket.ru Read More
Last week, the finale of the 5th annual Web Ready contest was held in Skolkovo, based on an initial selection of 715 applications from 100 cities in 21 countries. BUBUKA, a service to control music broadcasting from Tomsk, received the first prize. Second place went to Alytics, a startup from Zelenograd developing contextual ad solutions …
Web Ready 2013 awards music broadcasting, contextual ad and customer service solutions Read More
BeSmart.net, a Russian startup that presents itself as a “universal trading platform for Internet users to buy and sell educational and informative materials,” will receive from Hong Kong-based investment fund Education Matrix a total of $4 million over the next three years. After completing its development on the domestic market, the startup plans to start international …
New Russian educational content startup to receive $4 million from Hong Kong fund Read More
